Oostburg State Bank FDIC Insured
What does FDIC insured mean to
After the stock
market crash of 1929 a great number of banks went out of
business. In 1933 the Federal Deposit Insurance
Corporation was created to ensure stability in the economy
and the publicís confidence in the countryís banking
system. Today, your deposits are insured up to $250,000
per depositor, per bank. So you can rest assured that the
money you have deposited in your Oostburg State Bank is
safe and secure.
What if you have
more than $250,000 on deposit at Oostburg State Bank?
There are legitimate
ways to establish and title your accounts that allow a
married couple to federally insure their deposits up to
$2,000,000 and a family of four up to $6,000,000!
If you would like more information on account titling
options that will allow you the maximum federal insurance
contact us. More information about federal deposit
insurance is available on the governmentís
website. Oostburg State Bank is also a
member of CDARS (Certificate of Deposit Account Registry
Service) allowing us to offer FDIC insurance on your CDs
up to $50 million. For more information
us or go to the CDARS website.
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